- ADA must close above $0.60 to confirm breakout and target the $0.66–$0.70 resistance range.
- Cardano forms triple bottom near support, showing early signs of trend recovery and price stability.
- Surging volume and RSI above 43 suggest bullish momentum building after bounce from $0.56 zone.
Cardano (ADA) is trading at $0.5996 after rising over 6% in the past 24 hours. The recent move reflects growing trading volume, stronger technical momentum, and renewed attention from traders. Market analysts are focused on the $0.60 resistance zone, which could determine ADA’s next direction in the short term.
Breakout Above $0.60 Could Trigger Next Upside Targets
According to an observation by Sssebi via X, ADA needs to break and hold above the $0.60 resistance to unlock further gains. If confirmed, a mini rally toward the $0.66–$0.70 range could follow. The token briefly crossed above $0.61 earlier before consolidating near its current level.
Trading volume surged to $1.17 billion in the past 24 hours, a 79.05% increase, while Cardano’s market cap climbed to $21.21 billion. This increase in market activity is seen during a broader crypto recovery, which has lifted sentiment across several major altcoins.
ADA bounced from the $0.56 support zone and is now trading closer to its local highs. The price movement aligns with the RSI climbing above 43, signaling a shift away from oversold conditions and showing early signs of bullish momentum.
Technical Setup Shows Recovery Potential for ADA
According to analysis prepared by Investing Haven, ADA is forming a triple bottom near long-term support, indicating potential price stability. A breakout above $0.60 would support this formation and allow a short-term move toward higher levels.
Bollinger Bands have tightened, which typically precedes a volatility expansion. This technical setup supports the case for a directional move if volume continues rising. Analysts also point to ADA’s reclaimed Fibonacci levels and growing exchange outflows, suggesting reduced selling pressure.
Provided Cardano closes above $0.60 on the daily time, traders may pay attention to the next resistance levels at $0.66 and $ 0.70. Price action around the current level will be crucial towards shaping the direction of ADA this week.
